EREX Co.,Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Dividend and Earnings Guidance for the Full Year Ending March 31, 2020
February 12, 2020
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eREX Co.,Ltd. announced consolidated earnings results for the nine months ended December 31, 2019. For the period, the company reported net sales of JPY 64,762 million against JPY 47,061 million a year ago. Operating income was JPY 7,210 million against JPY 2,834 million a year ago. Net income attributable to equities of parent was JPY 3,628 million or JPY 71.59 per share and JPY 71.12 per diluted share against JPY 1,574 million or JPY 31.12 per share and JPY 30.90 per diluted share a year ago.
The company provided dividend guidance for the full year ending March 31, 2020. For the year, the company expects to pay a final dividend of JPY 12.00 per share.
The company provided earnings guidance for the full year ending March 31, 2020. For the year, the company expects to report net sales of JPY 95,042 million, operating income of JPY 7,720 million and net income attributable to owners of the parent was JPY 3,863 million or JPY 76.34 per share.
Erex Co Ltd is a Japan-based company mainly engaged in the integration and promotion of fuel business, power generation business, trading business, and power retail business, with renewable energy as its core. The electricity retail business sells electricity to corporate and individual consumers nationwide from Hokkaido to Okinawa. The power generation business owns four biomass power plants in Saiki, Buzen, Ofunato, and Okinawa. The fuel business aims to utilize unused wood residues, rice husks, and other biomass fuels and strengthens external sales. The trading business works to procure stable and price-competitive electricity by combining procurement from wholesale electricity exchanges and other sources. The trading business also engages in electricity-related trading operations to reduce the risk of fluctuations in electricity market prices. The overseas business promotes the expansion of renewable energy businesses in Asian countries.
EREX Co.,Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Dividend and Earnings Guidance for the Full Year Ending March 31, 2020